Why to Opt for an Affordable Health Insurance? Health insurance sector has seen a massive growth recently; reason being high cost of living and rising inflation. The youth today is very much aware and conscious of spending their hard earned money judiciously. With multiple health insurance players in the market, there is a great option to choose affordable health insurance as per need. Individuals can choose an adequate coverage for their parents and dependants. Family including spouse and up to two children can be gifted with good health. It would not only help you utilize your hard-earned money in a constructive way but also save you from financial crunch in any medical emergency. Getting the best health insurance is not as easy as it may sound. Bear in mind the following factors before settling for a health insurance plan and provider: Go for basic coverage: The purpose of affordable health insurance is to get the benefit of cashless hospitalisation. For years we have been paying the consultation charges from our own pocket and this much of expense is affordable in long run too. Hence, avoid the policy that provides unnecessary add-ons and may end up end up increasing your premium unnecessarily. Compare features than comparing premiums: Many a times we commit a mistake by comparing the premiums and overlooking the features of the health insurance plan. The premium of health insurance plan may vary depending upon the extent of coverage and facilities being offered. So, do read in detail about the features and then take a decision. Pay heed to renewal age: Health policy is generally required as we age. Hence, the age till when we can renew the policy is of great importance. The policy that does not provide renewal option in later stage of life must certainly be avoided as it would not come to your rescue when you would most require it. So, go through different policies and products and finalize the one that offers lifetime renewal option. Look out for treatment wise caps/limits: Most of the best health insurance plans also put cap to the maximum amount that you can claim if undergoing a specific treatment. For example, it may be possible that your policy covers you for Rs 5 lacs, but limits you to
avail cardiac treatment upto Rs 2 lacs only. Hence, be very sure to check the limits imposed on availing treatment disease wise. This would help you know the real picture and financial status too. More or less, all the affordable health insurance policies provide similar benefits but paying attention to the above discussed plan would help you differentiate a good product from the bad one. So, go ahead and make your purchase.